Cypress Asset Management Inc. TX Sells 2,134 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Cypress Asset Management reduced its AMD stake by 6.9%, selling 2,134 shares and retaining 28,723 shares valued at approximately $17.6 million. AMD remains its eighth-largest holding and represents 3.6% of its portfolio.
• Analysts remain broadly bullish, with AMD receiving a consensus “Moderate Buy” rating and an average price target of $585.26. Citi recently raised its target to $800, while AMD’s upcoming November 3 earnings report is expected to focus on AI data-center demand, supply, margins and guidance.
• AMD’s growth outlook is supported by strong AI-chip demand and potential partnerships with Samsung and SK Hynix, but its elevated valuation—about 160 times earnings—leaves the stock vulnerable to market volatility. Recent sales by ARK Invest and AMD insiders also signal some profit-taking after the stock’s substantial rally.

Cypress Asset Management Inc. TX lessened its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,723 shares of the semiconductor manufacturer's stock after selling 2,134 shares during the quarter. Advanced Micro Devices comprises about 3.6% of Cypress Asset Management Inc. TX's investment portfolio, making the stock its 8th largest position. Cypress Asset Management Inc. TX's holdings in Advanced Micro Devices were worth $17,572,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Advanced Micro Devices by 3.1% in the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock valued at $87,311,650,000 after buying an additional 4,535,126 shares during the period. State Street Corp raised its position in shares of Advanced Micro Devices by 2.9% during the 2nd quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer's stock valued at $46,606,266,000 after acquiring an additional 2,149,563 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at $7,022,226,000. Jennison Associates LLC boosted its position in shares of Advanced Micro Devices by 5.8% in the 2nd quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer's stock worth $5,793,388,000 after purchasing an additional 545,575 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Advanced Micro Devices by 33.9% in the 2nd quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer's stock worth $5,422,444,000 after purchasing an additional 2,365,419 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMD has been the topic of several analyst reports. Wall Street Zen raised Advanced Micro Devices from a "hold" rating to a "buy" rating in a research note on Sunday, October 4th. William Blair reissued a "market perform" rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. UBS Group restated an "overweight" rating on shares of Advanced Micro Devices in a report on Friday, July 24th. Citigroup increased their target price on shares of Advanced Micro Devices from $575.00 to $800.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Susquehanna lifted their price target on shares of Advanced Micro Devices from $450.00 to $500.00 and gave the stock a "positive" rating in a research report on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $585.26.

Advanced Micro Devices News Roundup

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: CEO Lisa Su reportedly met with Samsung Electronics and SK Hynix executives to explore foundry, memory and supply-chain partnerships. Additional access to advanced manufacturing and high-bandwidth memory could help AMD meet demand for its AI accelerators. How to Play AMD Stock as It Continues to Explore a Foundry Partnership With a Korean Tech Giant
• Positive Sentiment: TSMC reported third-quarter revenue of approximately $46.7 billion, up 50% year over year, reinforcing that demand for AI processors from customers including AMD remains robust. Broader data-center expansion forecasts and AMD-powered server launches also support the company’s long-term growth opportunity. Nvidia, AMD, Intel stocks despite record AI demand
• Positive Sentiment: Citi raised its AMD price target by 39%, while other analysts have highlighted opportunities in AI accelerators, CPUs, inference chips and rack-scale systems. These bullish views suggest potential upside if AMD converts large AI commitments into repeat deployments and stronger cash flow. Citi’s Price Target Boost Lifts AMD Shares
• Neutral Sentiment: AMD scheduled its third-quarter earnings release for November 3, giving investors a near-term catalyst. The market will focus on AI data-center revenue, supply availability, margins and forward guidance.
• Negative Sentiment: AMD’s elevated valuation—reported at roughly 160 times earnings—has made the stock vulnerable to rising Treasury yields and oil prices. Intel, Nvidia and other semiconductor shares also fell, indicating a broad sector selloff rather than an AMD-specific announcement. Why are Intel and AMD stocks plunging?
• Negative Sentiment: ARK Invest sold approximately $14 million of AMD shares, adding to concerns about profit-taking after the stock’s substantial rally. Reports also note consistent recent insider selling, although such transactions may reflect planned diversification rather than a change in business outlook. Cathie Wood sold $18.7M of SpaceX and AMD

Insider Activity

In other Advanced Micro Devices news, EVP Paul Grasby sold 15,000 shares of Advanced Micro Devices stock in a transaction on Monday, August 17th. The shares were sold at an average price of $514.91, for a total value of $7,723,650.00. Following the sale, the executive vice president directly owned 117,687 shares in the company, valued at approximately $60,598,213.17. The trade was a 11.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Lisa T. Su sold 70,000 shares of the stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $506.80, for a total transaction of $35,476,000.00. Following the transaction, the chief executive officer owned 3,032,156 shares of the company's stock, valued at approximately $1,536,696,660.80. This represents a 2.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 213,838 shares of company stock worth $105,533,836. 0.50% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $620.68 on Friday. The firm has a market cap of $1.01 trillion, a P/E ratio of 159.56, a PEG ratio of 6.69 and a beta of 2.45. Advanced Micro Devices, Inc. has a twelve month low of $188.22 and a twelve month high of $658.52. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The firm's 50 day moving average price is $526.31 and its two-hundred day moving average price is $458.39.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm's quarterly revenue was up 50.1% on a year-over-year basis. During the same period last year, the business posted $0.48 earnings per share. On average, analysts forecast that Advanced Micro Devices, Inc. will post 6.43 EPS for the current fiscal year.

About Advanced Micro Devices

Advanced Micro Devices, Inc NASDAQ: AMD is a semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded devices and other specialized markets.

AMD's product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics products, and Instinct accelerators designed for artificial intelligence and high-performance computing workloads.

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